Trayd Raises $10M Series A to Scale Construction Payroll Platform Amid Compliance Pressure

New updates have been reported about Trayd.

Trayd has secured a $10 million Series A round to accelerate development and nationwide rollout of its construction-focused payroll and workforce platform, bringing total funding to $15 million and underscoring investor conviction in its specialty trade contractor niche. The round was led by White Star Capital with continued backing from Suffolk Technologies and Y Combinator and a new strategic investment from RXR, positioning Trayd to expand its product, sales, and integrations at a time when construction labor, compliance, and cost pressures are intensifying.

Founded in 2021, the New York-based company has built an all-in-one back-office operating system that automates complex payroll, HR, scheduling, and field tracking for trades, including union rules, Davis-Bacon prevailing wages, multi-state tax obligations, and project-level reporting, and claims to cut weekly payroll processing from 14 hours to under half an hour for customers. Targeting a $2 trillion U.S. construction market in which specialty contractors outnumber general contractors 400 to 1 yet rely largely on legacy or generic systems, Trayd reports 600% year-over-year revenue growth, a fourfold increase in headcount, and customer cases of tripling field staff without adding administrative costs, positioning the company as a potential infrastructure layer for compliant, scalable workforce management in an industry facing tighter Davis-Bacon enforcement and mounting financial penalties for documentation failures.